The purchasing managers’ index for the construction sector in the UK fell to 49 points. Expectations stood on a drop from 50.9 to 50.1 points. GBP/USD was trading on high ground prior to the publication: above 1.59 and is now ticking a bit lower on this disappointment. Update: cable slowly extends its falls. The important new orders component saw the fastest drop since April 2009. Yesterday, manufacturing PMI surprised to the upside with a strong rebound, even though it remained under 50 points – the level that separates contraction from growth. The biggest sector, services, will see its PMI tomorrow, before the rate decision on Thursday. No change is expected from the BOE at this time. Mervyn King will leave the full stage for Mario Draghi. For more on the pound, see the GBPUSD prediction. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next ECB credibility on the line FxPro - Forex Broker 9 years The purchasing managers' index for the construction sector in the UK fell to 49 points. Expectations stood on a drop from 50.9 to 50.1 points. GBP/USD was trading on high ground prior to the publication: above 1.59 and is now ticking a bit lower on this disappointment. Update: cable slowly extends its falls. The important new orders component saw the fastest drop since April 2009. Yesterday, manufacturing PMI surprised to the upside with a strong rebound, even though it remained under 50 points - the level that separates contraction from growth. The biggest sector, services, will see its PMI tomorrow,… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
